J&J to buy Crucell?

September 20, 2010

JOHNSON and Johnson has today confirmed its plans to buy Dutch biotechnology company Crucell NV for $2.29 billion. According to reports, J&J is currently in the process of “advanced negotiations” with Crucell - in which it already holds a 17.9% stake following an earlystage collaboration agreement the pair entered into last year. The shareholding deal, which netted Crucell around €20.67 per share, also effectively made the biotech company less attractive to other suitors including Wyeth, which in 2009 had also been in negotiations to buy the company. The J&J buyout will see Crucell shares each snapped up at €24.75 (a 20% increase on J&J’s 09 buy up).

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Pharmacy Daily | J&J to buy Crucell?

J&J to buy Crucell?

Other recent headlines

LGP results set it for growth

On-site experts in aged care facilities

Pharmacist invention seeks US patent

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES